MD HB1432

Governor's Office of Small, Minority, and Women Business Affairs must coordinate with the Department of Commerce to promote tax incentives, grants, and technical assistance for minority business enterprises operating in enterprise zones

Office must coordinate with the Office of the Comptroller to promote existing tax incentives and benefits supporting minority business enterprise growth

Annual reports submitted in 2026, 2027, and 2028 must include an analysis of coordination efforts, their impact on minority businesses, and recommended statutory changes to improve coordination

Applies to publicly owned businesses with at least 51% minority ownership of stock, or other businesses with at least 50% minority ownership

Effective date: July 1, 2025